Customers line up to enter an Apple Store in Munich on Sept. 21. / Christof Stache, AFP/Getty Images

by Scott Martin, USA TODAY

by Scott Martin, USA TODAY

Apple's stock on Monday continued its explosive reversal from its recent downward trajectory.

Shares of Apple jumped $38.05, or 7.2%, to $565.73. The company's stock is down 20% from its 52-week high of $705.07, but just Friday it looked like it might soon drop through $500, briefly trading around $508 a share.

Before the decline, stock in the world's most valuable company had been driven up in recent months ahead of the launch of the iPhone 5 and iPad Mini.

Investors took profits but now analysts say the sell-off is overdone.

New "blockbuster products for the holiday season" and "attractive long-term growth opportunities" are poised to deliver significant cash flow to investors, Topeka Capital Markets analyst Brian White wrote in a note to clients.